About tax audit

PAWAN PARIKH (Querist) 21 November 2014 This query is : Resolved
Hello Sir
i am doing trading business , i have received notice for cash deposit near about 80Lac in FY 12-13. i have never filed income tax return til today . my question is can i file my return u/s 44AD doing tax audit u/s 44 AD in back date ( profit showed less than 8%) or i file my return showed with profit @ 8%.? My CA told me if we do audit U/s 44 Ad penalty as per Section 271B will have to pay which will be 0.50% of ur turnover. So i am Confused which way will be convenient to me .

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Kappil Cchandna (Expert) 21 November 2014
Please call CA karan Chandna at 9871563826........

Devajyoti Barman (Expert) 22 November 2014
This place is not for soliciting client unless speicifically asked for by the author.

Few experts repeatedly violate this rule.

Rajendra K Goyal (Expert) 22 November 2014
Consult another tax consultant for second opinion, show him full account position.

RAKHI BUDHIRAJA ADVOCATE (Expert) 23 November 2014
Dear sir, it is not possible to give suggestion without complete facts. So it's my request either to consult your CA with complete facts or you contact to Mr. Rajesh, FCA, RBMS & Co. (Chartered Accountants) mb. 9990009407

T. Kalaiselvan, Advocate (Expert) 25 November 2014
as suggested by expert Mr. Rajendra K Goyal, you may consult another CA and take his further opinion/advise for solving your issue.